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Between Power and Liberty: Economics and the Law edited by Richard M. Ebeling Hillsdale College Press 1998 . 169 pages $9.95 paperback

Between Power and Liberty: Economics and the Law, is the publication of the 1997 Ludwig von Mises lectures at Hillsdale College. The book's title comes from James Madison's description of the Constitution and the Bill of Rights: "every word . . . describes a question between power and liberty."

The essays in this book brilliantly make the case for liberty over power. Three key points emerge: First, that private property is the key to individual liberty. Second, that the Constitution was intended to protect private property against …